Finance in Construction Basics

Finance in Construction Basics is a hands-on, half-day workshop designed for construction professionals who want to better understand the financial forces driving their business. Presented by industry veterans Matt Waller (Pope Waller) and Cliff Spickler (INSURICA), this workshop translates complex accounting concepts into practical knowledge you can apply on the jobsite and in the office — starting the very next day.

Whether you’re a project manager, field superintendent, estimator, or business owner, this workshop gives you the financial literacy to make smarter decisions, protect your company’s profitability, and understand what your numbers are really telling you.

Key Takeaways

• The difference between Cash, Accrual, Completed Contract, and Percentage of Completion accounting — and why it matters for your bottom line
• How the Percentage of Completion method works and how to calculate revenue earned, overbillings, and underbillings on any job
• Why overbillings are your friend and underbillings are a warning sign — and how to spot the difference
• How everyday field decisions — billing timing, subcontractor invoices, cost re-estimates — directly impact your company’s reported profitability
• What profit fade is, how it happens, and how it silently erodes margins across a job’s life
• How to read and use a Work in Process (WIP) schedule to monitor job health across your entire backlog
• How working capital is calculated and why it determines how much work your company can safely take on